The sukuk is the second to be issued under IsDB’s Sustainable Finance Framework, following its debut Green Sukuk last year and is the first ever AAA-rated sustainability sukuk in addition to being the …
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Netanyahu maintaining vow to annex West Bank land by July 1
Israeli Prime Minister Benjamin Netanyahu is showing no sign of backing off his vow to annex of vast stretches of the West Bank by July 1.
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UAE- Saeed Lootah passes away, Sheikh Mohammed pays respects
Haj Saeed bin Ahmed Al Lootah, the founder of the world’s first Islamic bank, has passed away. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and …
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Nasdaq Dubai welcomes listing of $1.5b sukuk to support Covid-19 initiatives
according to a joint statement issued by Nasdaq Dubai and IsDB. The sukuk is the second to be issued under IsDB’s Sustainable Finance Framework, following its debut Green Sukuk last year and is the …
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Emirates Islamic thanks UAE’s healthcare professionals during COVID-19 pandemic
As part of ongoing initiatives to honour the efforts of the UAE front-line workers protecting citizens and residents during the ongoing COVID-19 pandemic, Emirates Islamic, one of the leading Islamic …
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My flat’s co-owner left the UAE without paying mortgage. What should I do?
I have been granted a power of attorney by my partner and it was issued before he left the country. Since March 2018 until today, I have been settling all EMI payments. There was absolutely no …
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District 2020 inks partnership deals with Dubai SME, MBRIF
In line with Dubai and the UAE’s proactive approach to supporting small and medium enterprises (SMEs) and the important role they play in bolstering the country’s resilient economy, both organisations …
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Dubai Customs’ offices now back at 100% capacity
Mohammed Al Ghaffari, acting executive director for human resources, finance and administration division at Dubai Customs, said the team has proven its full capability to get work done remotely. “With …
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Nasdaq Dubai welcomes listing of $1.5b sukuk by Islamic Development Bank to support COVID-19 interventions
Nasdaq Dubai on Sunday welcomed the listing of a $1.5 billion dollar sukuk issued by Islamic Development Bank (IsDB) to support COVID-19 relief initiatives. The capital raised will fund medical, …
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Dubai’s Emirates Islamic offers promotions on banking products to UAE healthcare professionals
The bank is offering the Skywards Infinite Card, Etihad Guest Premium Credit Card, and the free for life Cashback Plus Visa Signature Credit Card and RTA Credit Card to healthcare professionals …
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Will AI revolutionise the banking and legal sector?
Of all the digital technologies that are driving change in businesses, Artificial Intelligence (AI) is perhaps the most disruptive of all …
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Iran’s central bank injects cash to lift rial, governor says
Iran’s Central Bank has injected hundreds of millions of dollars to stabilise the currency market, bank governor Abdolnaser Hemmati said on Saturday, after the Iranian currency fell to historic lows …
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Interview: Amlak IPO a vote of confidence in long-term fundamentals, says CEO Abdullah Al-Sudairy
Amlak International, the Saudi Arabian real estate finance company, surprised markets with the announcement that it was pressing ahead with an initial public offering (IPO) on the Tadawul that could …
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UAE- Saudi-Emirati Coordination Council holds virtual meeting
DUBAI, 27th June, 2020 (WAM) — The Executive Committee of the Saudi-Emirati Coordination Council held a virtual meeting under the chairmanship of Mohammad bin Abdullah Al Gergawi, Minister of Cabinet …
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UAE: How to manage overwhelming loans or debt during COVID-19?
Three in five UAE residents are weighed down by a sheer mountain of varying debts from credit cards to personal loans, home loans and auto loans. Image Credit: Supplied Law, debt and prison: Avoiding …
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Lebanese central bank’s accumulated losses reach $49 billion, says report
Dubai: The International Monetary Fund (IMF) has warned Lebanon that its central bank has accumulated losses of as much as $49 billion, as divisions between the government and the Banque du Liban …
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MoneyGram, Digital Financial Tie Up for Firmer Footing in UAE
MoneyGram International, Inc. MGI has partnered with Digital Financial Services LLC, a joint venture between Etisalat and Noor Bank, a subsidiary of Dubai Islamic Bank Per the pact, millions of …
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